Page 110 - International Marketing

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112 International Marketing BRILLIANT'S

1. Bill of Exchange.
2. Negotiable Bill of Lading.
3. Commercial Invoice.
4. Customs Invoice.
5. Insurance Policy.
6. Certificate of Origin.
7. Consular Invoice, where necessary, and.
8. Packing List
The negotiable bank transmits the duplicate copy of the GR Form to
the Exchange Control Department of the RBI. The original copy of the
bank certificate, along with attested copies of the Commercial Invoice, is
returned to the exporter. The duplicate copy of the Bank Certificate is
forwarded to the Office of the Director General of Foreign Trade in the
area. The exporter is paid the value of the Export consignment against the
above mentioned documents. 
REVIEW QUESTIONS

Q.1. “Political, Social, Economic, Legal and Technological environment
plays a vital role in International Marketing.” Discuss. [See Q.10]
Q.2. Discuss the effect of EXIM policy, 2009-14 in National Growth.
[See Q.11]
Q.3. Explain different service institutions set up by the Government of
India to meet the requirement of Industry and Trade. What are the
various trends in India’s foreign trade? [See Q.12 & 13]
Q.4. What are the different facilities available to the recognized export
houses? Also discuss the features and functions of various documents
used in export trade. Also discuss the drawbacks of documentation.
[See. Q.14, 15 & 16]
Q.5. How should you process an export order? Explain the various steps.
[See. Q. 17]

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